Business
Extension of Offer
Extension of Offer.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 8247X Thalassa Holdings Limited 02 May 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. IN PARTICULAR, THIS ANNOUNCEMENT SHOULD NOT BE RELEASED, PUBLISHED, DISTRIBUTED, FORWARDED OR TRANSMITTED, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION, INCLUDING THE UNITED STATES.\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND NO INVESTMENT DECISION IN RELATION TO THE OFFER OR THE THALASSA CONSIDERATION SHARES SHOULD BE MADE EXCEPT ON THE BASIS OF INFORMATION IN THE OFFER DOCUMENT AND THE PROSPECTUS EQUIVALENT DOCUMENT.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. \nFOR IMMEDIATE RELEASE\n2 May 2019\n \n \nThalassa Holdings Ltd\n(\"Thalassa\", \"THAL\" or the \"Company\")\n \nExtension of Offer\n \nThe Thalassa Board announces that the Offer, which remains subject to the terms and conditions set out in the Offer Document and Form of Acceptance, is being extended and therefore will remain open for acceptances until the next closing date, which is 1.00 p.m. (London time) on 3 May 2019. \nThe Mix and Match Facility remains available to LSR Shareholders who may elect, subject to offsetting elections, to vary the proportion in which they receive cash and Thalassa Consideration Shares in respect of their LSR Offer Shares. Thalassa continues to reserve the right to close the Mix and Match facility before 1.00 p.m. (London time) on 3 May 2019 without further notice.\nReasons to accept the Offer\n \nThe Thalassa Board invites LSR Shareholders to accept the Offer which is a deliverable and certain exit to shareholders with cash being an important part of the total consideration. \nThe Thalassa Offer provides LSR Shareholders with an attractive premium to both the prevailing LSR share price as well as the company's most recent (but now out of date) indication of a realisable NAV per LSR Share. Those LSR Shareholders who decide not to benefit from the potential upside of holding Thalassa Consideration Shares, have the opportunity to participate in Thalassa's substantial and long-standing buy-back progra...